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Monday, March 22, 2010

Asian casino boss has mob ties in China

New Jersey casino regulators said Wednesday that they have evidence Stanley Ho, the Asian casino magnate, has extensive ties to organized crime in China.

Their suspicions led MGM Mirage to agree last week to sell its half of Atlantic City's top casino — rather than abandon the lucrative Chinese market, where it has a joint venture with Ho's daughter.

Considered the father of modern gambling in China, Ho lets criminal gangs "operate and thrive" inside his casinos, the New Jersey Division of Gaming Enforcement said in a report issued to the casino last May and made public Wednesday. The division found that Pansy Ho, his daughter, is dependent on him and his money and remains under his influence.

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